June 11, 2020 Directors Report

OUTDOOR RESORT/PALM SPRINGS OWNERS ASSOCATION OPERATING FUND REVENUES & EXPENSES

REVENUES Bar Revenue: ============

This

Budget

Last Year

This Year

Budget

Last Year

Month

Month Variance

Month

to Date to Date Variance

to Date

Bar

- -

1,000 1,000

(1,000) (1,000)

978 978

63,395 63,395

68,375 68,375

(4,980) (4,980)

83,706 83,706

TOTAL REVENUES

EXPENSES Bar Expense =========== Bar-Entertainment Bar-Consumables Bar - Food Cost

- - - -

300 300

300 300

-

10,420

2,000 2,000 7,154

(8,420) (1,482)

4,575 1,215 8,932

14

3,482

-

-

239

96

7,058

Bar-Liquor

280 200

280 187

-

29,337

19,145

(10,192)

24,445

Bar Supplies

13

39

2,449

2,180

(269)

6,329

Wages

442 455

2,606 3,686

2,164 3,231

(69)

22,670 68,455

30,426 62,905

7,756

19,305 64,800

TOTAL EXPENSES

222

(5,550)

NET INCOME/LOSS

(455)

(2,686)

(4,231)

755

(5,060)

5,470

570

18,906

This

Budget

Last Year

This Year

Budget

Last Year

Golf Revenue =========== Golf

Month

Variance

Month

to Date to Date Variance

to Date

- -

456 456

456 456

717 717

17,105 17,105

13,892 13,892

(3,213) (3,213)

10,461 10,461

TOTAL REVENUES

EXPENSES Golf Expense: ============= Golf Pass Book Refunds

- - - - - - - - -

- - - - - -

- - - - - -

- - -

-

-

-

-

Office Supplies

33

150

117

137

ForeTees Software Cash (Over)/Short

6,000

- -

(6,000)

-

0

(2)

2

28

Printing Uniforms

- -

78

500 300

422

379

228

72

-

Starter Shack Supplies

200

200

190

2,728 3,068

3,400

672

4,521

Golf Merchandise

- -

- -

- -

- -

(3,068)

-

Golf Ball's

331

(331)

169

Wages

(438)

6,322 1,675 8,197

6,760

3,181

47,640 14,748 74,853

57,879 11,725 73,954

10,239 (3,023)

19,714

Payroll Taxes & Emp Benefits

1,095

580

856

4,234

TOTAL EXPENSES

657

7,540

4,227

(899)

29,181

NET INCOME/LOSS

(657)

(7,741)

(7,084)

(3,510)

(57,749)

(60,062)

(2,313)

(18,720)

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